Re: Would I qualify for a mortgage?
10-03-2012 06:52 AM
I don't believe FHA requires 1 full yr of no lates. I had one 8months ago and I was all set.
I know each lender has different requirements, but aren't they supposed to adhere to FHA's exact ones? Like the 12 months of no lates for example?
Can you show me where it states that you can't get approved if you have a late within the last 12 months?
This is my source look under "late payments" heading. Says nothing about previous 12 months.
- Lots of work.....
- 9/20/12 - FICO EX 646 TU 692
- Dec 12 - Home purchase - Dec 14 Auto Purchase
- 6/10/13 - FICO EX 672 TU 690
- 1/22/15 FICO EQ 697 TU 732
It CAN happen to you!